Author Archives: Paul Calleri

Exposure Draft and comment letters—Property, Plant and Equipment—Proceeds before Intended Use (Proposed amendments to IAS 16)

IFRS

The International Accounting Standards Board has proposed narrow scope amendments to IAS 16 Property, Plant and Equipment to reduce the diversity in application of the Standard. As reported by The Standard. IAS 16 establishes principles for recognising and measuring items of property, plant and equipment as assets. The proposed amendments would prohibit deducting sales proceeds from the cost of an

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Job Opportunity – Principal, Accounting Standards

Accounting Standards Board

CPA Canada is seeking an individual to join the accounting standards team to develop accounting and financial reporting standards for public companies, private enterprises, not-for-profit organizations and pension plans in Canada. As reported by The Standard. You will be a member of a highly skilled, energetic and committed team of professionals to advise and carry out the plans of the

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What topic would you like TheGAAP.net to present in one of our upcoming workshops?

ifrs_relevance

If we haven’t had that workshops topic before, and we choose your idea; we will award you two tickets to attend and an exclusive meet and greet with the founder of TheGAAP.net (Paul J. Calleri) shortly following the workshop. TheGAAP.net has just presented: Time Management Solutions for Increased Productivity in February and is back by popular demand on April the

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The 2017 IFRS® Conference – November 1-2, 2017

Accounting Standards Board

Jointly presented by CPA Canada and the IFRS Foundation in Toronto, this conference is your opportunity to receive authoritative updates and implementation support on IFRS Standards. Presenters include the IASB® members Sue Lloyd (Vice-Chair), Gary Kabureck, Darrel Scott, Tom Scott, and Mary Tokar, as well as AcSB Chair Linda Mezon. As reported by The Standard. This year the International Financial

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Request for Issues – IFRS Discussion Group

IFRS

Submit an Issue to the IFRS Discussion Group As reported by The Standard. Members of the public are encouraged to submit issues for possible consideration by the Accounting Standard Board (AcSB) IFRS Discussion Group. For an issue to be considered for a meeting, it must be submitted, in writing, six weeks prior to an upcoming meeting. If a submission is

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Final IFRIC Interpretation – Uncertainty over Income Tax Treatments

IFRS

The International Accounting Standards Board (the Board) has today issued IFRIC 23 Uncertainty over Income Tax Treatments to specify how to reflect uncertainty in accounting for income taxes. As reported by The Standard. IFRIC Interpretations (Interpretations) form part of the authoritative IFRS requirements. They are developed by the IFRS Interpretations Committee to provide requirements on specific application issues and are

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AcSOC Meeting Agenda – June 8-9, 2017

management

Meetings of the AcSOC are open to public observation, subject to the discretion of the Chair. As reported by The Standard. Information about the upcoming AcSOC meeting and guidelines for observers are as follows. Dates: June 8, 2017 – 9:45 am to 5:00 pm June 9, 2017 – 11:15 am to 11:45 am Venue: Hyatt Regency Vancouver Balmoral Room 655

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Final Standard – Insurance Contracts

IFRS

The International Accounting Standards Board (the Board) has today issued IFRS 17 Insurance Contracts. This first truly international IFRS Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position. As reported by The Standard. IFRS 17 replaces IFRS 4, which was brought in as an interim Standard in 2004. IFRS 4 has

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Reminder: AMD and CPD declarations due June 1

times_up

“…the deadline for AMD payments and CPD declarations is June 1, 2017. Log in to cpaontario.ca/AMD to complete both today. Payments and/or declarations received between June 2 and 30, 2017, are subject to late fees. Members with outstanding payments and/or declarations after June 30, 2017, are subject to membership suspension.”” as reported by CPA Ontario. Annually, members are required to

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